Insider Selling: Methanex Co. (MX) Director Sells 450 Shares of Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director John Floren sold 450 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of C$65.32, for a total transaction of C$29,394.00.

Methanex Co. (MX) traded up 0.56% during trading on Monday, hitting $64.37. 522,417 shares of the company’s stock were exchanged. The firm has a market cap of $5.54 billion and a price-to-earnings ratio of 25.05. Methanex Co. has a 12-month low of $46.21 and a 12-month high of $69.88. The company’s 50-day moving average price is $63.32 and its 200 day moving average price is $59.26.

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A number of equities analysts have weighed in on the stock. TD Securities upped their price target on shares of Methanex to C$75.50 and gave the stock a “buy” rating in a research report on Friday. Scotiabank reiterated a “sector perform” rating and issued a C$67.00 price target on shares of Methanex in a research report on Wednesday, October 18th. BMO Capital Markets reiterated an “outperform” rating and issued a C$57.00 price target on shares of Methanex in a research report on Monday, September 18th. Finally, Royal Bank Of Canada upped their price target on shares of Methanex to C$73.00 and gave the stock a “sector perform” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$64.30.

About Methanex

Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.

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